Metropolitan Life Insurance cash flow, quarter by quarter
Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow$409M in Q2 2026 · $8.7B over twelve months
Operating cash flow$409M
Free cash flow+$409M
Cash / net income0.8×
Analysis
In Q2 2026, Metropolitan Life Insurance generated $409M of operating cash flow. That is $605M less than in Q2 2025 ($1.0B).
Over the twelve months to Jun 30, 2026, operating cash flow was $8.7B; the largest uses were other investing ($8.5B), other financing ($196M); the cash balance fell by $50.0M.
Operating cash flow was $409M against net income of $485M — 0.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: gains on investments +$407M, depreciation & amortization +$31.0M.
Free cash flow
Operating cash flow less capital spending.Latest (Q2 2026): Operating cash flow $409M, Capital spending $0.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $29.2B; the largest uses were dividends ($15.2B). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$10.5B
Debt$997M
Net cash$9.5B
Metropolitan Life Insurance funds itself: free cash flow was $8.7B over the last twelve months, and $10.5B of cash and investments stands against $997M of debt.
Principal due in each year as disclosed in the annual report, against $10.5B of cash and investments now.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Every quarter
Quarter
Operating cash flow
Cash drawn (+) / kept (−)
Free cash flow
Q2 2026
$409M
$2.3B
$409M
Q1 2026
$1.9B
−$1.0B
$1.9B
Q4 2025
$5.6B
−$1.8B
$5.6B
Q3 2025
$777M
$521M
$777M
Q2 2025
$1.0B
−$979M
$1.0B
Q1 2025
$1.6B
$1.1B
$1.6B
Q4 2024
$2.7B
−$632M
$2.7B
Q3 2024
$1.4B
$710M
$1.4B
Metropolitan Life Insurance: income statement and cash flow
Metropolitan Life Insurance, Q2 2026: revenue $9.6B (+2% year over year), operating margin 6.0%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.